Marathon Oil (NYSE:MRO) PT Raised to $27.00

Marathon Oil (NYSE:MRO) had its price target upped by equities researchers at Morgan Stanley from $26.00 to $27.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the oil and gas producer’s stock. Morgan Stanley’s target price indicates a potential downside of 4.76% from the stock’s current price.

MRO has been the subject of several other research reports. Truist Financial boosted their price target on Marathon Oil from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $33.00 price target on shares of Marathon Oil in a research note on Tuesday, March 5th. Argus raised Marathon Oil from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Thursday, March 14th. The Goldman Sachs Group upped their target price on Marathon Oil from $26.50 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Finally, Scotiabank upped their target price on Marathon Oil from $35.00 to $45.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.66.

Marathon Oil Trading Down 1.5 %

NYSE:MRO opened at $28.35 on Monday. The stock has a market cap of $16.20 billion, a PE ratio of 11.07 and a beta of 2.22. The stock’s 50-day moving average is $25.94 and its two-hundred day moving average is $25.31. Marathon Oil has a fifty-two week low of $21.63 and a fifty-two week high of $30.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.40 and a quick ratio of 0.35.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. As a group, equities research analysts forecast that Marathon Oil will post 2.62 earnings per share for the current fiscal year.

Insider Activity at Marathon Oil

In other Marathon Oil news, insider Patrick Wagner sold 39,969 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the sale, the insider now directly owns 176,923 shares in the company, valued at $4,757,459.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marathon Oil news, CFO Dane E. Whitehead sold 73,233 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $27.06, for a total value of $1,981,684.98. Following the sale, the chief financial officer now directly owns 152,008 shares in the company, valued at $4,113,336.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick Wagner sold 39,969 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the sale, the insider now owns 176,923 shares in the company, valued at approximately $4,757,459.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 281,332 shares of company stock worth $7,644,903. 0.42% of the stock is owned by corporate insiders.

Institutional Trading of Marathon Oil

Several large investors have recently made changes to their positions in MRO. ICA Group Wealth Management LLC grew its holdings in shares of Marathon Oil by 92.6% during the first quarter. ICA Group Wealth Management LLC now owns 1,086 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 522 shares during the last quarter. Smithfield Trust Co grew its holdings in shares of Marathon Oil by 367.9% during the third quarter. Smithfield Trust Co now owns 1,020 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 802 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Marathon Oil during the third quarter worth $27,000. Riverview Trust Co bought a new stake in shares of Marathon Oil during the first quarter worth $27,000. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of Marathon Oil during the third quarter worth $29,000. Institutional investors own 77.24% of the company’s stock.

Marathon Oil Company Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.